The Institute was founded in New York in 1941, under the auspices of the World Jewish Congress and the American Jewish Congress.
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The campaign causing the highest outlays (US$1.25 billion in 1999) on the part of the Swiss banking industry as of 2009 was the World Jewish Congress lawsuit against Swiss banks launched by Edgar Bronfman, president of the World Jewish Congress, in concert with US Senator Alfonse d'Amato of New York.
Elsztain is an annual conferee at the World Economic Forum in Davos, and is active in Jewish philanthropic causes as the prime Argentine supporter and fundraiser for the World Jewish Congress (WJC), for Taglit-birthright Israel, and as the President of Chabad Argentina.
In January 1986, after political deals between Edgar Bronfman, Chairman of the World Jewish Congress, and the Soviet authorities, Essas' family moved to Israel.
Edgar Bronfman, Sr. (1929–2013), Canadian businessman and long-time president of the World Jewish Congress